News

Oilexco directors cash in

17 July 2007 16:32:00

Oil explorer Oilexco directors have taken advantage of the shares strong run, which have more than doubled since May.

Chief financial officer Brian Ward offloaded his complete holding in the company, selling 100,000 shares at C$3.46 each.

Vice president corporate development Michael Cairns sold 60,000 shares, leaving him without any shares in the group.

At the beginning of this month, Rod Christensen, vice president of exploration, disposed of 45,000, but he still has 61,700 shares.

Last month, Oilexco said it is looking forward to the test results from its Huntington well, which it believes will provide significant new oil discovery.

The group said its 40% owned Huntington Prospect in Block 22/14b in the UK Central North Sea was drilled to a total depth of 13,325 feet.

Top Director Buys

Ferrexpo (FXPO)
Director name: Mr Michael Oppenheimer
Amount purchased: 1,515,177 @ 185.00p
Value: £2,803,077

Ferrexpo (FXPO)
Director name: Mr Dennis McShane
Amount purchased: 869,799 @ 140.00p
Value: £1,217,719

Bellway (BWY)
Director name: Mr Alistair M Leitch
Amount purchased: 9,000 @ 1,237.28p
Value: £111,355

Ferrexpo (FXPO)
Director name: Mr Wolfram Kuoni
Amount purchased: 32,686 @ 185.00p
Value: £60,469

Ferrexpo (FXPO)
Director name: Mr Lucio Genovese
Amount purchased: 32,636 @ 185.00p
Value: £60,377

Bellway (BWY)
Director name: Mr John K Watson
Amount purchased: 3,000 @ 1,241.00p
Value: £37,230

Xtract Energy (XTR)
Director name: Mr Andrew John Gowdy Morrison
Amount purchased: 500,000 @ 6.85p
Value: £34,250

Stratic Energy Corporation (SE.)
Director name: Mr Peter Thomas
Amount purchased: 35,065 @ 57.00p
Value: £19,987

Newmark Security PLC (NWT)
Director name: Mr Maurice Dwek
Amount purchased: 1,000,000 @ 1.89p
Value: £18,900

Bellway (BWY)
Director name: Mr Peter J Stoker
Amount purchased: 1,238 @ 1,241.00p
Value: £15,364
Top Director Sells

Oilexco Inc (CDI) (OIL)
Director name: Mr Brian L. Ward
Amount sold: 100,000 @ 638.00p
Value: £638,000

Oilexco Inc (CDI) (OIL)
Director name: Mr Michael Cairns
Amount sold: 60,000 @ 635.00p
Value: £381,000

Oilexco Inc (CDI) (OIL)
Director name: Mr Rod Christensen
Amount sold: 45,000 @ 602.00p
Value: £270,900

Regency Mines (RGM)
Director name: Mr Kenneth Frank Watson
Amount sold: 3,000,000 @ 6.38p
Value: £191,400

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.